We’re here to help you make an informed decision for your next home loan, and encourage you to use our mortgage calculator to compare different home loan options and calculate potential repayments. So, it's important to budget accordingly. ![]() Taking out a home loan is an important step in the home buying process and your loan repayments will be one of your biggest living costs once you do by a home. Our home loan repayments calculator also allows you to opt for either a principal and interest or interest-only loan, and see how much you could save in interest if you made regular extra repayments over the life of your loan. If you're not sure about what interest rate to apply, you can use the default interest rate provided or use an advertised comparison rate to get a more accurate estimate of your home loan repayments. For example, if the property is valued at $650,000 and you have a 20% deposit of $130,000 then the principal loan amount is $520,000. The principal loan amount is the amount of money you plan to borrow from your bank or lender. To use our mortgage repayment calculator, there are a few key pieces of information you will need to get the most accurate estimate of your mortgage repayments. When you take out a home loan, you are required to make regular minimum interest repayments (as well as any fees) for the amount you have borrowed. How to calculate your mortgage repayments
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |